I back to demo after some loss, I’m really curious which pairs more safe than eur/usd? Or they are all related to each other?
usd/usd is very safe.
Sorry I don’t know. I just could not help myself on that one. Maybe someone will have some better advice than me.
My broker don’t offer this pair:D
go back to school
all the pairs are safe if you know what your doing, if you don’t know then you shouldn’t trade any of them.
Seems i wasn’t clear enough,
In the last few days eur/usd drop more than 400 pip and that made me asking is that safe now to trade as newbie?
Is that normal and happing in currency market usually" Each day/week/moths"?
My second Q was does all currency related to eur/usd and effect each other?If so is their pair safer than eur/usd during this conditions?
Thanks
yeah this Eur crashing business was bad, I totally underestimated it and lost money on it (practice money only thanks my luck). Bottom line: Never leave an open trade without a stop loss mark on it or you might wake up in the morning with a rather nasty surprise on your account.
the good side is that i learned from that and should not make that mistake if i ever go live.
To answer your question, nope the Euro/dollar does not crash all the time, it’s rather rare but it does not tell you which side things go: right now the Euro roughly stabilized at around 1.55/56 but no one truly knows whether it will take a trend south or north or just wobble at its present position
There’s no such thing as a safe pair just as there is no such thing as a risky pair. That stuff all comes from the way you trade.
If you mean more or less volatile, then there’s another recent thread on the subject where someone lists out the pairs in different ways. The fact of the matter is, though, that at any given time a pair can get very volatile for any number of reasons.
So you feel that you will do better with a “safe pair”?
Take a knowledgeable trader and give him only
GBP/JPY to trade and that trader will make money!
There is no such thing as a safe pair. And there
is no Holy Grail in currency trading much less a
"safe pair" to profit with. And oh, they can make a
killing when a pair “crashes” especially. So, "crashing"
isn’t a bad thing either. So learn more and watch
the generalizations. They do not apply; this is risky
and constantly fluid.
and this thread went dead in 2008 most of the people on here are banned so I dont think they will ever see your response. Dont worry about it though I have done this a time or 2
you could say that EURUSD is the safest or rather it is the smoothest pair(IMO), all pairs are ok, but just like what you said, going back to school and sticking to demo is the key, do not rush it, and make each minute studying worh it best of luck!
There is nothing unsafe about a big price movement. In fact, that’s how you make money.
Safety comes in having a stop loss set in case that huge move is opposite your position.
Easy and fast to find out by looking at your charting software, daily charts. In MT4, middle click and drag to measure the pips. This is basic exploring that I played around with when first starting (which is still kinda now-ish)